ASSA ABLOY acquires IXLA in Italy

Rhea-AI Summary

ASSA ABLOY has acquired IXLA, an Italian manufacturer of advanced laser and color personalization systems for cards and passports. IXLA, founded in 2003 and based in Romano Canavese, Italy, will join HID's Secure Issuance Business Area. The company has approximately 50 employees and reported sales of MEUR 13 (MSEK 150) in 2023 with a strong EBIT margin. The acquisition is expected to be accretive to earnings per share from the start and will enhance ASSA ABLOY's presence in the government card personalization equipment sector.

Positive

• Strong EBIT margin reported for 2023
• Acquisition immediately accretive to earnings per share
• Sales of MEUR 13 in 2023
• Expands presence in government card personalization equipment market

Negative

• None.

STOCKHOLM, Nov. 12, 2024 /PRNewswire/ -- ASSA ABLOY has acquired IXLA, an Italian Manufacturer of advanced laser and color personalization systems for cards and passports.

"I am very pleased to welcome the IXLA team into the ASSA ABLOY Group. IXLA is an interesting technological addition to the ASSA ABLOY Group and will increase our presence in the government card personalization equipment space and provides complementary growth opportunities," says Nico Delvaux, President and CEO of ASSA ABLOY.

"Welcoming IXLA into the HID family demonstrates our commitment to providing convenient and efficient document personalization solutions across a variety of industries," says Björn Lidefelt, EVP and Head of HID. "With IXLA's technology and expertise, we are better positioned for geographic expansion, particularly in the government and financial institution space."

IXLA was founded in 2003 and has some 50 employees. Based in Romano Canavese, Italy, it will be part of HID's Secure Issuance Business Area.

Sales for 2023 amounted to about MEUR 13 (approx. MSEK 150) with a strong EBIT-margin. The acquisition will be accretive to EPS from the start.

For more information, please contact:

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72              
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68

About ASSA ABLOY

The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/assa-abloy/r/assa-abloy-acquires-ixla-in-italy,c4064514

The following files are available for download:

https://mb.cision.com/Main/7333/4064514/3105956.pdf	Press release (PDF)
https://news.cision.com/assa-abloy/i/assa-abloy-logo-door,c3350659	ASSA ABLOY logo door

 

View original content:https://www.prnewswire.com/news-releases/assa-abloy-acquires-ixla-in-italy-302302234.html

SOURCE ASSA ABLOY

FAQ

What is ASSA ABLOY's (ASAZY) acquisition price for IXLA?

The acquisition price was not disclosed in the press release.

What were IXLA's sales figures for 2023?

IXLA reported sales of MEUR 13 (approximately MSEK 150) for 2023.

How many employees does IXLA have?

IXLA has approximately 50 employees.

When was IXLA founded and where is it located?

IXLA was founded in 2003 and is based in Romano Canavese, Italy.